Abstract: In our business field today, one of the most important issues for any enterprises is cost minimization and profit maximization. Second issue is how to develop a strong and capable model that is able to give us desired forecasting of these two issues. Many researches deal with these issues using different methods. In this study, we developed a model for multi-criteria production program optimization, integrated with Artificial Neural Network.
The prediction of the production cost and profit per unit of a product, dealing with two obverse functions at same time can be extremely difficult, especially if there is a great amount of conflict information about production parameters.
Feed-Forward Neural Networks are suitable for generalization, which means that the network will generate a proper output as a result to input it has never seen. Therefore, with small set of examples the network will adjust its weight coefficients so the input will generate a proper output.
This essential characteristic is of the most important abilities enabling this network to be used in variety of problems spreading from engineering to finance etc.
From our results as we will see later, Feed-Forward Neural Networks has a strong ability and capability to map inputs into desired outputs.
Abstract: This paper focuses on cost and profit analysis of
single-server Markovian queuing system with two priority classes. In
this paper, functions of total expected cost, revenue and profit of the
system are constructed and subjected to optimization with respect to
its service rates of lower and higher priority classes. A computing
algorithm has been developed on the basis of fast converging
numerical method to solve the system of non linear equations formed
out of the mathematical analysis. A novel performance measure of
cost and profit analysis in view of its economic interpretation for the
system with priority classes is attempted to discuss in this paper. On
the basis of computed tables observations are also drawn to enlighten
the variational-effect of the model on the parameters involved
therein.
Abstract: This paper has presented research in progress
concerning the contribution of target costing approach to
achievement competitive price in the Iraqi firm. The title of the
paper is one of the subjects that get large concerns in the finance and
business world in the present time. That is because many competitive
firms have appeared in the regional and global markets and the rapid
changes that covered all fields of life. On the other hand, this paper
concentrated on lack knowledge of the industrial firms, regarding the
significant role of target cost for achieving the competitive prices.
The paper depends on the main supposition, using the competitive
price to get the target cost in the industrial firms. In order to achieve
competitive advantage in business world the firms should rely on
modern methods to manage cost and profit. From strategic
perspective the target cost achieves a so powerful competitive
advantage represented in cost reduction. Nevertheless the target cost
does not exclude the calculation and survey of costs during the
production process. Products- estimated costs are calculated and
compared with the target costs.